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OIDB funding for geochemical project

Our Bureau

HYDERABAD, March 15

THE Oil Industry Development Board (OIDB) will fund the Rs 3.85-crore national facility for surface geochemical prospecting of hydrocarbons to be established at the National Geophysical Research Institute (NGRI) here.

An MoU to set up the facility was signed on Friday by Ms Vandana Singhal, Secretary, OIDB and Dr V.P. Dimri, Director of NGRI. The national facility will help delineate anomalous hydrocarbon zones based on absorbed soil gas analyses in frontier sedimentary basins of the country.

This is the second major OIDB funding for NGRI in the last 15 months. In January 2001, OIDB had agreed to provide Rs 9.7 crore for exploration study in the Narmada-Tapti region in the western and central parts of the country.

Ms Singhal also inaugurated a new RF Telemetry system in simulated field conditions to be used for seismic data acquisition for oil industry and lithospheric studies.

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